Anguilla LLC Company Formation
(Anguilla Limited Liability Company)
Read about the overall benefits of setting up an Offshore LLC Company
You might also want to read the Anguilla Offshore Company Formation (IBC) page
Overview of an Anguilla Limited Liability Company (LLC)
An Anguillan Limited Liability Company (LLC) is a hybrid entity that combines elements of a partnership and corporate structure; it provides limited liability to its owners, allowing an individual to run their business without risking personal assets.
Anguilla passed the Limited Liability Company Act (LLC Act) in 2000, offering many of the traditional features based on the Wyoming LLC ordinance, but with a more modern and progressive outlook that was designed to suit international investors. Some of its features include a provision that allows the term of an LLC to be perpetual or can have an unlimited life.
An Anguilla LLC provides excellent asset protection and privacy regulations that ensure client confidentiality and security. An LLC protects personal assets the same way a corporation protects shareholder assets. If the LLC goes into default, its members cannot be sued for personal liability. Owners or members receive a share of the profits in proportion to their contribution, similar to that of a partnership.
Anguilla is a true tax-free zone, with taxes only being levied against members in their country of residence. The jurisdiction has an English Common Law system with governmental regulations that greatly assist in creating a prosperous offshore financial environment. An Anguilla based LLC has no financial reporting requirements, offers nominees services, only needs one member for incorporation and can be formed within a single business day all of which makes Anguilla an attractive jurisdiction to form an offshore company.
Key Corporate Features of an Anguilla LLC
|Anguilla LLC||Corporate Details|
|Type of Entity||LLC|
|Type of Law||English Common Law|
|Governed by||Limited Liability Company Act 2000
Companies Act 2000
|Registered Office in Anguilla||Yes|
|Shelf company availability||Yes|
|Our time to establish a new company||1 Business Day|
|Minimum government fees (excluding taxation)||US $250|
|Access to Double Taxation Treaties||No|
|Share capital or equivalent|
|Standard currency||US Dollar is commonly used
Eastern Caribbean Dollar is official currency
(USD 1 = XCD 2.7)
|Minimum paid up||N/A|
|Bearer shares allowed||N/A|
|No-par-value shares allowed||N/A|
|Minimum number||None required
(LLC can be managed by it Members
or through one or more Managers)
|Publicly accessible records||No|
|Location of meetings||Anywhere|
|Corporate directorship allowed||Yes|
|Publicly accessible records||No|
|Corporate members allowed||Yes|
|Location of meetings||Anywhere|
|Local or qualified||No|
|Requirements to prepare||Yes|
|Requirements to file accounts||No|
|Publicly accessible accounts||No|
|Recurring Government Costs|
|Minimum Annual Tax / License Fee||US $250|
|Annual Return Filing Fee||N/A|
|Requirement to file annual return||No|
|Migration of domicile permitted||Yes|
Advantages & Top Uses of an Anguilla LLC
- There is no tax liability for an Anguilla LLC unless the members clearly choose to be taxed like a corporation
- An Anguilla LLC is a separate legal entity
- Members are not liable for the debts of the entity as members are protected with Limited Liability
- Members of an Anguilla LLC may be non-residents, physical persons, corporations, partnerships, or trusts
- An Anguilla LLC has a flexible management structure
- English Common Law system
- Well-established infrastructure
- Modern offshore legislation
- Possibility of both ownership and management by Members
- Pass through tax structure--tax on revenue is passed on to its Members as income tax
- Quick registration procedures
- Availability of Continuation of foreign LLCs into Anguilla
- Allows ownership by a sole member
- No local requirements
- No auditing or requirements to submit financial records to the Register
- Flexible management structure
- International business
- Tax structuring flexibility
- Asset protection
- Sole Proprietorship
- Professional Groups
- Family or Estate Planning
Requirements for Incorporation of an Anguilla LLC
Anguilla has simple formation requirements for LLCs. In order to incorporate an LLC an individual or company must file the Articles of Association together with the incorporation documents to the Anguillan Register, which is done through Sovereign Management and Legal through a licenced Anguillan company who acts as a registered agent. The LLC must put together an Operating Agreement, which outlines the roles and responsibilities of its members
Taxation of an Anguilla LLC
An Anguilla LLC is not subject to any form of taxation, unless the members clearly choose to be taxed like a corporation. Although the LLC are not taxable, members are taxed on their portion of earnings after they are distributed in their country of residence. Where the members are non-resident of Anguilla and the LLC does not engage in local business, members are exempt from all Anguillan taxes. The LLC is free from taxes, including, but not limited to:
- Estate tax
- Income tax
- Corporate tax
- Gift tax
- Duty tax
- Stamp tax
- Capital Gains tax
Corporate Details of an Anguilla LLC
Anonymity, Confidentiality and Disclosure
No information regarding the finances, names or details of its members or managers are made available to the public. It is illegal, for any agent, auditor or official to reveal information regarding an Anguilla LLC, except through a court order where criminal charges are pending. Nominee services are available for complete anonymity. It is required that the LLC agreement, as well as the details of the owners/members is kept at the company’s registered office.
There are no company shares in an LLC
Financial Statements required
There are no financial statements that need by filed by an Anguilla LLC although a company must maintains proper financial records and hold them in their registered office and be available if required.
A Company Secretary is not required for an Anguilla LLC
Company meetings are not required, though if they are meeting minutes need be recorded though they may take place anywhere in the world
Principal Corporate Legislation
- The Companies Act 2000
- The Limited Liability Company Act 2000
Type of Law
English Common Law
An Anguilla LLC may be managed wither through its Members or by one or more appointed Managers. The Members/ Managers may be of any nationality and residents of any country
There are no shareholders in an Anguilla LLC. Beneficial owners are called Members/Managers
There is a requirement of a minimum of one Member to incorporate an LLC. Members may be of any nationality and reside in any country and can be either a natural person or a corporate entity. Members are not liable for the debts incurred by the LLC, and are protected by the Limited Liability.
Details such as the distribution of profits and the breakdown of powers and responsibilities are written out in a Members Operating Agreement.
An Anguillan LLC is limited in conducting business with residents of Anguilla, in banking, trust, insurance and company management or own or hold interest in real estate property.
There are no exchange controls on the island of Anguilla. Currencies may be freely traded. The US dollar circulates freely.
Powers of the Company
An Anguilla LLC is a Limited Liability Company. An LLC provides members with a limited liability the income and losses of which are passed on through to its members.
Language of Legislation and Corporate Documents
Registered Office required
Yes. A registered office is required for an Anguilla LLC.
There are no capital requirements because shares are not issued in an LLC.
There are no local requirements for an Anguilla LLC
There are no auditing requirements
No. There are no reporting requirements for an Anguilla LLC
Shelf Companies available
Time required to form offshore company
1 Business Day
The LLC shall not use a word or phrase that suggests the patronage of the Royal family or Government such as “Government”, “National”, “Royal”, “Republic”, “Commonwealth” or “Anguilla”
Language of Name
Names of Company Requiring a Special Licence or Permission
The name of an LLC may not include a word, a phrase or an abbreviation such as Bank, Assurance, Building Society, Chamber of Commerce, Foundation, Trust without special permission or a license obtained from the Anguillan authorities
Permitted limited liability suffixes
An Anguillan LLC must end with the word Limited Liability Company or the abbreviation LLC.
Access to Double Tax Treaties
Anguilla is not a party to any double taxation treaties
Anguilla LLC Company Formation with Sovereign
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